O.C. 35/2019

February 6, 2019


            The Lieutenant Governor in Council approves

            (a)        the refinancing of borrowing by the Board of Governors of the Northern Alberta Institute of Technology of $111 000 000 in Canadian funds from the Alberta Capital Finance Authority, which had been approved by Order in Council numbered O.C. 160/2014, for a term not to exceed 30 years and at an interest rate not to exceed 4.5% per annum, for the construction of the Productivity and Innovation Centre and the acquisition of property located within the Blatchford Lands as legally described in the attached Appendix, and

            (b)        the issuing of securities and the entering into of agreements for the purposes of the borrowing.

                For Information only

Recommended by:          Minister of Advanced Education
                                                President of Treasury Board, Minister of Finance

Authority:                             Post-secondary Learning Act (section 73)
                                                Financial Administration Act (section 81)